Over the past year, Creative Global Technology Holdings Limited made $42.9 million in revenue and $2.8 million in net income. Its market cap is $95.6 million.
Benjamin Securities is the underwriter for their IPO.
Creative Global Technology Holdings Limited focuses on recycling consumer electronics to reduce waste and support the circular economy. The company was established in the Cayman Islands on January 11, 2023. It owns CGT BVI, which was formed on January 12, 2023. CGTHK, founded in Hong Kong in 2016, handles most operations by sourcing used electronics primarily for wholesalers in Southeast Asia. While CGTHK has expanded into retail and leasing since 2021, over 90% of its 2022 revenue still came from wholesale. Investors buy shares in a holding company, not in CGTHK directly.
Recently, the IPO details were updated: the offering was reduced to 1.25 million shares priced at $4.00 to $5.00, aiming to raise $5.63 million.
Founded in 2016, Creative Global Technology Holdings Limited has 16 employees. The company is based in Kowloon, Hong Kong, and can be contacted at +852 2690 9121 or at cgt-electronics.com.
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